宇树IPO · 10

Wang Lihong appeared as the head of Yushu's IPO thank-you reception. The previous concert with YuShu Robotics attracted Musk's appreciation

Comparing news, today, Yushu Technology's IPO was successfully completed. Wang Xingxing, Sequoia Capital Shen Nanpeng, and famous singer Wang Lihong all appeared at the thank-you reception. It is worth pointing out that Wang Lihong has deep ties with Yu Shu Technology. According to public reports, Wang Lihong made a special trip to visit founder Wang Xingxing to learn about technology. Furthermore, in December of last year, Wang Lihong used Yu Shu's G1 humanoid robot to accompany the concert in Chengdu, making it the world's first concert robot stage. Musk and other famous tech giants have retweeted related videos one after another to express their appreciation.

3d ago

Yuki's pre-IPO perpetual contract plummeted 5.5% for a short period of time. The current price is about 600 yuan

Compared to news, Trade.xyz's Unitree (Unitree) perpetual contract fell sharply for a short time before the IPO, falling to $88.8 within an hour after the rise hit $94, a short-term drop of 5.5%. The current price is approximately 600 yuan, corresponding to a market value of about 36 billion US dollars and about 243 billion yuan after listing. According to Yushu Technology's previous determination that the IPO issuance price is 150.8 yuan/share, it is expected to bring 3.98 times the new revenue after opening, after deducting the subscription payment profit of about 224,600 yuan. Yushu Technology is expected to be officially listed and traded from mid-August to late August, and is currently awaiting confirmation from the Shanghai Stock Exchange's final announcement. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

9d agoburnking

Serenity: Yuki's IPO was subscribed more than 8,000 times by retail investors, and Agility Robotics may benefit from the same racetrack company

In comparison, the “white stock god” Serenity posted an article on the X platform stating that Yushu Technology's IPO was oversubscribed by retail investors by more than 8,000 times, reflecting the “extremely huge” demand for pure humanoid robot companies. Currently, he is optimistic about investment opportunities related to the American humanoid robot company Agility Robotics. The project involved SoftBank, Nvidia ($NVDA), Amazon ($AMZN), Foxconn, etc., with a pre-investment valuation of about 2.5 billion US dollars. Serenity said that Yushu Technology's valuation in the perpetual contract market before the IPO showed high expectations. If the market capitalization reaches more than 30 billion US dollars after listing, it may further increase the market's attention to leading US humanoid robot companies within the next week or two. Regardless of the final performance, the market demand shown by Yushu Technology's IPO is “very amazing”, and the humanoid robot circuit is becoming a new hot topic of global capital attention.

11d ago

CITIC Construction Investment: Yushu's IPO Price Exceeds Expectations, Benefiting the Robotics Sector

Comparing the news, the CITIC Construction Investment Research Report pointed out that Yushu's IPO price exceeded expectations and is expected to drive the valuation reshaping of in-house manufacturers. Yuki's IPO was priced at 150.80 yuan/share, corresponding to the issuance market value of about 61 billion yuan, exceeding previous expectations, and is expected to drive valuation reshaping by in-house manufacturers. Domestic chain manufacturers actively promote multi-dimensional capacity building such as the brain, cerebellum, and body, and actively explore applications in multiple industrial and commercial scenarios, and the scale of shipments continues to expand; as the level of generalization of robots increases, it is expected that their implementation scenarios will expand further. Physical AI is the next wave of artificial intelligence. Robots are one of the best physical carriers of AI, and the development trend of the industry is clear. The subsequent release of Optimusv3 and mass production progress, the launch of new domestic robots, the promotion of IPOs for robotics companies, and application implementation will continue to catalyze the sector market. It is recommended to focus on quality links.

11d ago

Little shareholder of DeepSeek Cheng Yushu Technology under Liang Wenfeng: The IPO subscription was allocated more than 933,000 shares, with a subscription amount of about 141 million yuan

Comparing news, Yushu Technology is about to open a subscription today. DeepSeek (DeepSeek), an AI company under Liang Wenfeng, has been allocated 9333.99 million shares this time, with a subscription amount of about 141 million yuan. The shares will be locked in for 36 months. As a result, DeepSeek, which is actually controlled by Liang Wenfeng, became its small shareholder through a strategic placement of Yushu's IPO.

12d ago

Yuuki's IPO sparks wealth imagination. Can ordinary investors still get on the bus?

Source | Tencent Technology Author | Gu Lingyu Editor | Xu Qingyang Original Title | Yu Shu's IPO Wealth Feast, only a few people are bound to earn a smart trillion dollars. The circuit is experiencing a fierce game between real value and inflated valuations. Focus on the capital feast of Yushu's listing, the gap between wealth creation in the primary market and the reality of the secondary market. The winning rate is extremely low, and the first day's circulation is extremely small. In the winter of 2017, Wang Xingxing, holding a robot dog, took a ten-hour train from Hangzhou to Beijing to go to Sequoia China for a road show due to the fact that high-speed trains were not allowed to carry large lithium batteries. At that time, he almost couldn't pay his salary on his company account. After 9 years, Yushu Technology will soon become China's A-share “first humanoid robot stock.” The latest news is that on August 6, Yushu Technology announced the issuance price of 150.80 yuan/share, an online roadshow on the 7th, and online subscription will begin on the 10th. Many people expect its market value to break through 100 billion yuan. A number of second-level practitioners expressed the same opinion to Tencent Technology: Although the stock market has fluctuated greatly recently, Yu Shu Daxin will still be scarce. “Because everyone believes that this is a policy-supported industry, the leader must rise.” According to the prospectus, the company publicly issued 404.464 million new shares, accounting for 10% of the total share capital after issuance. On August 6, the issue price was finalized at 150.80 yuan/share. The actual capital raised was about 6.1 billion yuan, corresponding to the post-issuance valuation of about 61 billion yuan. Only 6.471 million shares were initially issued online. Based on 500 shares per contract, the total market had only 12,942 winning numbers, less than 13,000. This means that for every 10,000 valid subscription numbers, the signature amount is only about 2 seats. According to incomplete statistics, over the past two years, China's embodied intelligence industry has spawned more than 300 startups. By August of this year, at least 5 companies had valuations over 20 billion yuan, and nearly 50 companies are preparing to go public on Hong Kong stocks or A-shares. For these companies, Yushu's stock price will form a valuation anchor for A-shares and a valuation reference for Hong Kong stocks. This is a critical moment — yet, in this capital feast fueled by the concept of embodied intelligence, there is a gap between the enrichment of the primary market and the reality of the secondary market. 01 Wang Xingxing, the person who made the most money from Yu Shu, did not fit the typical image of a hard tech entrepreneur — this became the origin of the “anti-consensus” of Yu Shu's early bettors. He graduated from Shanghai University with a mediocre career. When he raised money in the early stages, he ran into trouble everywhere. In the golden decade of Internet model innovation, VC intellectuals have models: backgrounds in famous schools, executives from large companies, elites returning from overseas, or serial entrepreneurs. To a certain extent, these guaranteed the lower limit of entrepreneurial projects, and also screened out entrepreneurs like Wang Xingxing to a certain extent. The original capital partner, Tian Egawa, publicly reflected on this experience. At the end of 2017, Tian Jiangchuan met Wang Xingxing for the first time at a cafe in Hangzhou. At the time, Yuki's products had shown the ultimate cost reduction idea and differentiated technology path, but in the end, Taegawa abandoned the investment. “After the incident, I revisited. The problem was mainly due to my 'elitist arrogance': Xing Xing graduated from Shanghai University, and I think the robotics industry requires a top academic background.” Taegawa later confessed. It wasn't until 2020 that Uki was brought back again at more than 4 times the price of the original capital. An investor who has watched the domestic robot circuit for more than ten years told Tencent Technology that when Yu Shu was founded, the four-legged robot circuit did not receive much attention in the country, and there were very few institutions that came into contact with it in the early stages. Time has rewarded the “anti-consensus-takers” who entered the game first. In 2016, Yin Fangming, who worked for MediaTek, Sogou, and Qihoo 360, acquired 15% of Yushu Technology's shares with an angel investment of 2 million yuan. The post-investment valuation corresponding to this investment was only 13.33 million yuan. Today, this investment indirectly holds shares in Yushu Technology through the shareholding platform Tianjin Junwan Hongyi. Tianjin Junwan Hongyi held 3.0699% of Yu Shu's shares as a whole, ranking as the 10th largest shareholder. After penetrating through, Yin Fangming actually held about 0.46% of Yu Shu's shares indirectly. If the initial issuance valuation is estimated at 42 billion yuan, the book value of shares held indirectly by Yin Fangming is about 200 million yuan, and the overall return is about 100 times. He has already cashed out 58 million yuan in advance by transferring some of his old shares in 2025. In terms of return multiples, the institution that earns the most multiples is variable capital. This early fund invested only 2.09 million yuan in the Yushu Technology Angel Round in 2018. So far, the return ratio has reached 174.62 times. In addition to the portion already withdrawn, the total return is about 364 million yuan. Sequoia China's return multiples are no different. Wang Xingxing got on the road show in exchange for the train, and the Sequoia Seed Fund immediately issued a letter of intent to invest. This investment of 15 million yuan is good for...

15d ago22#AI #Yushu Technology's IPO

Sun Yuchen's worth = 2 Wang Jianlin; Zhang Yiming secretly sarcastically at DeepSeek? Yushu's IPO made Liang Wenfeng lie back and win...

Dear readers, what have the KOLs on X been talking about in the past 24 hours? Note: The following content is compiled from the X platform. They are all personal opinions. They do not represent the platform's position, let alone constitute investment advice. Brother Sun is worth twice as much as Wang Jianlin's AI Agent's ideal and reality Zhang Yiming secretly sarcastically Deepseek?! Yushu Technology's IPO, Liang Wenfeng won against China's rich again and made up taxes! Twitter: https://twitter.com/BitpushNewsCN比推 TG Community: https://t.me/BitPushCommunity比推 TG Subscriptions: https://t.me/bitpush

15d agoWendy#KOL

150.8 yuan/share! Yushu IPOs: Another batch of post-90s, collective wealth is free

Source | Phoenix News Finance “Company Research Institute” Original title | 150.8 yuan/share! Yushu Technology's early employees surged 150 times more, and a group of post-90s millionaires may soon launch the subscription for Yushu Technology, the “first stock in humanoid robots,” and an A-share “first share in humanoid robots”. Just now, Yushu Technology announced its initial public offering of shares and listing on the Science and Technology Innovation Board on the Shanghai Stock Exchange website. The issue price is 150.80 yuan/share, and the total amount of capital raised is estimated to be about 6.099 billion yuan. After deducting the issuance fee, the net amount of capital raised is estimated to be about 5.917 billion yuan. The announcement also made it clear that online and offline subscriptions will begin on August 10, 2026 (T-day). As a major annual IPO in the field of high-end equipment on the Science and Technology Innovation Board, Yushu Technology broke through the four-legged robot circuit in ten years and achieved the number one shipment volume for humanoid robots in the world, illustrating the typical path of hard technology companies from technological breakthroughs to commercialization. If this launch is successfully implemented, founder Wang Xingxing, 44 strategic investment institutions, and 171 core employees will share the capital dividends of embodying the smart wave. 01 Wang Xingxing's net worth is expected to exceed 36 billion dollars, and the groundwork will be laid for the birth of a group of post-90s millionaire Yu Shu employees to become rich. It was already laid down as early as 2017. Back then, the company was still attacking four-legged robotics technology, and signed the first batch of option agreements with 17 first-generation core employees including Yang Zhiyu in September. The exercise price was only 1 yuan/share. Over the next few years, the company introduced multiple rounds of equity incentive programs, and eventually all of them were integrated into the management of the “Shanghai Yuyi” shareholding platform system. Standing at the current IPO node, it is estimated at an issue price of only 150.8 yuan/share. This group of core employees who first chose to share risks with the company had a book profit of more than 150 times. In addition, according to the prospectus, Yushu Technology's current IPO passed two asset management plans, allowing 171 employees to directly subscribe for new shares at the issue price to participate in the strategic placement, with a total subscription of 271.5 billion yuan, for a maximum period of 3 years. Among them, Asset Management Plan No. 1 targets a wider range of core employees. A total of 161 people participated, raised 218.5 million yuan, and was locked in for 12 months. Financial director Wang Feng and board secretary Fu Fenghua each subscribed for 7 million yuan. They are the two largest investors in this plan. A large number of technical executives and business leaders concentrated their subscription amounts between 1 million yuan and 3.5 million yuan. Only 10 executives and core employees participated in the No. 2 Asset Management Plan, raising 53 million yuan, and the lockdown period lasted 36 months. As the founder, Wang Xingxing alone subscribed for 15 million yuan. He is the person who invested the most in this plan. The other three R&D system leaders Zhang Yangguang, Yang Zhiyu, and Wu Jinze each invested 9 million yuan. The picture shows Wang Xingxing's voting power situation source: Internet Wang Xingxing himself has long held firm control of the company through special voting rights. In theory, there is no need to pay out of his own pocket to subscribe for new shares. This subscription is more like showing the market an attitude of optimism about the company's long-term development. Picture of Zhang Yangguang Source: Internet What is more remarkable is that the executives of Yushu Technology are a very representative post-90s startup team. Founder Wang Xingxing (1990), R&D Software Director Zhang Yangguang (1993), R&D Structure Director Yang Zhiyu (1991), and Sales Director Chen Li (1990) are all post-90s. The picture shows the top ten shareholders before the issuance: Before the online issuance, in addition to directly holding 23.82% of Yushu's shares, Wang Xingxing also held 9.54% of shares indirectly through Shanghai Yuyi, and his total personal shareholding was about 33.36%. Based on the 150.8 yuan/share issue price alone, Wang Xingxing's shareholding value was about 20.3 billion yuan. However, according to CCB International's research report, Yushu's target price for listing in 2026 corresponds to a market value of about 109 billion yuan, which is equivalent to about 1.8 times the issue price. According to this optimistic forecast, only 6 core employees with subscription amounts of 5 million yuan or more will have a chance to join the “Multi-Millionaire Club,” and Wang Xingxing's own shareholding value will also soar to 36 billion yuan. In addition to employees, the old shareholder camp is also star-studded. Industrial capital and the national team gathered together to bet on an intelligent future. The picture shows the Meituan investment situation. In terms of online industry capital, Meituan holds a total of 9.65% of the shares through Hanhai Information, GalaxyZ, and Chengdu Dragon Ball, making it the largest institutional investor. In the last round of financing in June 2025, industrial capital such as Tencent Technology, China Mobile and Innovation, and Wuxi Jinqiu entered the market collectively. The capital increase price was about 46.26 yuan/share, corresponding to a post-investment valuation of 12.7 billion yuan, which also provided a market-based anchor for this IPO pricing. The picture shows the director of Wolong Electric Drive replying to investor news Source: In terms of network supply chain partners, A-share listed company Wolong Electric Drive...

15d agoWendy#AI #AI #humanoid robot #Yushu Technology #Wang Xing Xing

Hyperliquid's early pricing is 4.88x the new revenue. The offline subscription date is August 10

Comparing news, Hyperliquid has launched a perpetual contract before Unitree (Unitree)'s IPO. Currently, the price is about $74, which corresponds to a market value of about 30 billion US dollars after listing. The UNITREE pre-market perpetual contract price represents the dollar price of 1 common share of Yushu Technology. The Yushu Science and Technology Innovation Board's IPO plans to issue at least 40.45 million shares, accounting for 10% of the total share capital after issuance, and the total share capital after issuance is about 404.5 million shares. The current contract price corresponds to an implied market value of US$30 billion, or approximately RMB 205 billion. The target issuance of Yuki's IPO prospectus is about 42 billion yuan (about 58-62 billion US dollars), which is expected to bring 4.88 times the IPO revenue after opening. Yushu is about to make an initial public offering of shares and be listed on the Shanghai Stock Exchange Science and Technology Innovation Board. The distribution was carried out using a combination of strategic placement, offline distribution, and online distribution. It is proposed to publicly issue 404.464.34 million shares, with a total share capital of 404.643.4 million shares after issuance. The initial inquiry date is August 5, 2026, and the offline subscription date is August 10, 2026.

18d ago

The investment community's common answer: Yu Shu

Author: Li Bing, Rongzhong Finance Original title: Half of the investment community is thanking Yu Shu for “the first A-share humanoid robot”, which is coming. “Thank you for giving us an opportunity to invest in Yushu five years ago.” At the Xiaomi press conference on March 19, Lei Jun said this to Wang Xingxing, who was standing beside him, in front of the audience. The next day, March 20, the official website of the Shanghai Stock Exchange showed that the IPO application for the Yushu Technology Innovation Board was officially accepted. The point-in-time card was so accurate that one can't help but be amazed — Lei Jun certainly has a bad eyesight. The money invested five years ago is now about to become a stock that everyone wants to hold. This is not an exaggeration. According to IT Orange data, as of March 20, 2026, China's robot circuit had 207 financing incidents this year, including 133 humanoid robots, and a total of 115 companies received the money. Among all of these robot companies in the primary market, Yuuki is the only one that has already made a profit, has a gross margin of nearly 60%, has the highest shipment volume of humanoid robots in the world, and has officially opened the A-share door. The prospectus is clearly written: revenue for 2025 is about 1.708 billion yuan, an increase of 335% over the previous year; net profit after deduction exceeds 600 million yuan; and the proposed capital raised is 4.202 billion yuan. What's even more rare is that Yu Shu achieved profit in 2024. The gross margin reached 60.27% in 2025. The gross profit of the humanoid and four-legged robot all exceeded 60%, and most of its peers were still losing money or less than 30% of the gross profit. Of the 4.2 billion dollars raised, more than 2 billion will go to core technologies such as full-sized models, and production capacity will also be expanded to 75,000 humanoid robots and 115,000 four-legged units per year. While his peers were still burning investors' money to make prototypes, Yuuki was already able to sell 5,500 humanoid robots, bringing the average price to 167,600 yuan, and maintaining a gross profit margin of 62.9%. This is the cruel rule of hard technology — whoever can first turn the technology in the lab into a product that users are willing to pay for can get the highest pricing power in the capital market. From four-legged to a human figure, YuShu's “product transition” overturns YuShu's revenue structure, and you will find a clear strategic transformation trajectory. In 2022, the company's main business revenue was 121 million yuan, and four-legged robots accounted for 76.57%, making it the absolute main force. At that time, Uki still gave people the impression that he was “a robot dog.” Up to now, the Yushu four-legged robot has sold more than 30,000 units, has the largest share in the world, earns steady cash flow, and large-scale production. In August 2023, Yushu's first full-size humanoid robot H1 went on sale. In that year, it sold only 5 units and earned 2.9671 million yuan, which is almost negligible. In 2024, the medium-sized humanoid robot G1 was officially mass-produced, starting at 99,000 yuan. It became Yushu's first general-purpose humanoid robot to be marketed on a large scale, beginning the key process of commercializing humanoid robots. This year, Yuki made a profit. The turning point came in 2025. At the beginning of the year, 16 H1 humanoid robots from Yushu appeared on the CCTV Spring Festival Gala to complete an AI-driven cluster dance performance on the program “Yang BOT” directed by Zhang Yimou. Wang Xingxing, the founder of the company, personally stood on the stage to help. Overnight, “humanoid robots” became the focus of public discussion on technology. By the first three quarters of 2025, Yushu humanoid robots had sales revenue of 595 million yuan, accounting for 51.53%, surpassing four-legged robots for the first time (488 million yuan, accounting for 42.25%). In terms of sales, the humanoid robot sold 3,551 units, 8.6 times that of 2024. From 5 to 3,500 units, it only took 2 years. What's more critical is the price curve. The average price of humanoid robots dropped from 593,400 yuan in 2023 to 267,700 yuan in 2024, to 167,600 yuan in the first three quarters of 2025. Yu Shu explained in the prospectus: This is not only a change in product structure (G1 pricing is lower), but also the result of active price adjustments, with the aim of “building a long-term competitive advantage.” Use cost performance for scale, scale for data, and data for the speed of technology iteration. This style of play has been proven in the four-legged robot market. Yu Shu has sold more than 30,000 four-legged robots, leading the global market share. Now, they're replicating this path on the humanoid robot circuit. Wang Xingxing's ambitions don't stop there. In a public speech not long ago, he said, “Humanoid robots will run past Bolt in mid-2026.” Bolt's 100 meter world record is 9.58 seconds, corresponding to a speed of about 10.4 m/s. Meanwhile, the best speed score achieved by Yuuki H1 in preparation for the race has reached more than 5 m/s. Can it be achieved? At least Yuuki has convinced the market of this possibility. List of luxury shareholders: Half of the hard technology investment circles are in the car, Yushu's IPO...

152d agoLuxurytracy

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